Currency pair US Dollar to Swiss Franc USD/CHF closes the trading week near the level of 0.9626. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Dollar Franc pair. The test area of Ichimoku Kinko Hyo signal lines near the level of 0.9730 is expected, from which it is expected to attempt a rebound and further fall with the target near the level of 0.9440. An additional signal in favor of the fall of the pair is the resistance level test.
Dollar Franc forecast USD/CHF on January 22 — 26, 2018
Earlier, a signal of medium strength was obtained for the sell of the Dollar/Franc pair, due to the crossing of the signal lines at the level of 0.9865. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 0.9840, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in USD/CHF quotes with a breakdown of the level of 0.9520.
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